The NBS Consumer Price Index - January to November 2015

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Thursday, December 31, 2015 05:44 AM / TheAnalyst

Consumer Price Index which measures changes in general price level of goods and services over time that households purchased for consumption has been increasing in 2015 due to higher food prices and Non-food divisions among others.

The Central Bank of Nigeria (CBN) set an inflation rate target of between 6% and 9%, but the index has grown beyond the target as inflation stands at 9.40% as at November 2015.

Also, the food index has been growth at almost the same rate with the CPI.





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